Centerland Partners has collected information on the recent purchases of three small shopping centers. Centerland is considering the purchase of a similar property with an NOI of $3.8 million Shopping Center NOI Valuation Castleton Round $2.8 million $10.90 million Fashion Commons $4.4 million $33.22 million Belden Square $3.0 million $25.46 million a. What is the market capitalization rate? (Do not round Intermediate calculations, Enter your answer as a percent rounded to 1 decimal place.) Market capitalization rate 1% b. What valuation should Centerland assign to the target property? (Round your answer to 2 decimal places.) Value estimate mon